Tax Returns
When tax returns are not submitted on time, there can be significant penalties charged by HMRC. Put your mind at rest at tax return time by letting us prepare your self-assessment tax return. We keep up to date with the latest legislation so you don’t have to and will deal with HMRC on your behalf.
In addition to ensuring that your tax return is completed accurately and on time, we can also provide advice on your minimising your tax liabilities and assist with personal tax planning.
Capital Gains Tax
Capital Gains Tax (CGT) legislation is a complicated area. There are several reliefs, exemptions and allowances that are available, which have the potential to reduce the CGT liability.
If you are planning to sell an asset, we can discuss your options with you and advise on whether there are methods you can use to defer, reduce or eliminate your capital gains tax liability.
Probate
We are authorised and regulated by the ICAEW as a practitioner for non-contentious probate. Probate is the financial and legal process of dealing with a deceased person’s estate.
We offer flexibility and can customise the services we provide to meet your needs. Our team can manage the complete process or provide support where you need it.
Our fees are time-based (not calculated as a percentage of the estate’s value) and will vary according to the complexity of the work required. Further information about our fees, timescales and the services we provide is available below.
Inheritance Tax Planning
- utilising available allowances such as the annual gift allowance to give tax-free gifts
- identifying any assets that can be passed on using potentially exempt transfers (PETs)
- identifying any reliefs that may be relevant to your circumstances, such as business property relief
- charitable gifts